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Ill give Upvote The accounting information collected from the MCM company is detailed in the attached tables. Using Tables and showing formulas Prepare the following:

Ill give Upvote The accounting information collected from the MCM company is detailed in the attached tables. Using Tables and showing formulas Prepare the following: a-Balance Sheet at the end of September 30, 2010 b-Status of the cost of the merchandise sold for the month of September 2010 c-Income statement for the month of September 2010 d-Calculate the following financial ratios: current ratio, acid test ratio, participation ratio, profit margin.
Current Situation September 30 2010
Account Balance
Debts to pay $35 000
Accounts receivable
$29 000
Bonuses Payable $110 000
Buildings (net value) $605 000
Money on Box $17 000
Dividends payable $8 000
Inventory (all) $31 000
Land (terrain) $450 000
Long-term mortgage payable
$450 000
Retained Utility $154 000
Stock Value $375 000
Transactions for September 2010
Category Amount
Direct Labor Force $50 000
Expenses
Insurance $20 000
Sales $62 000
Rental and maintenance $40 000
Wages $110 000
Other $62 000
Total $294 000
Income Tax $20 000
Inventory of finished product as of September 1,2010
$25 000
Inventory of finished product September 30, 2010
$ 50 000
Inventory of materials as of September 1, 2010
$46 000
Inventory of materials as of September 30, 2010
$25 000
Purchasing of Materials $20 000
indirect manufacturing costs
$75 000
Sales Income $500 000

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